Allspring Global Investments Holdings LLC Sells 400,753 Shares of Western Asset Emerging Markets Debt Fund Inc. $EMD

Allspring Global Investments Holdings LLC trimmed its position in Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) by 42.9% in the first quarter, according to its most recent filing with the SEC. The fund owned 532,373 shares of the company’s stock after selling 400,753 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Western Asset Emerging Markets Debt Fund were worth $5,228,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Samalin Investment Counsel LLC raised its position in Western Asset Emerging Markets Debt Fund by 3.3% during the 4th quarter. Samalin Investment Counsel LLC now owns 44,680 shares of the company’s stock worth $475,000 after purchasing an additional 1,433 shares during the last quarter. NewEdge Advisors LLC lifted its stake in shares of Western Asset Emerging Markets Debt Fund by 1.6% in the first quarter. NewEdge Advisors LLC now owns 92,651 shares of the company’s stock worth $916,000 after acquiring an additional 1,464 shares during the period. Comprehensive Money Management Services LLC boosted its holdings in Western Asset Emerging Markets Debt Fund by 2.3% in the first quarter. Comprehensive Money Management Services LLC now owns 79,335 shares of the company’s stock valued at $779,000 after acquiring an additional 1,800 shares during the last quarter. Janney Montgomery Scott LLC increased its position in Western Asset Emerging Markets Debt Fund by 3.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 66,373 shares of the company’s stock valued at $706,000 after purchasing an additional 2,082 shares during the period. Finally, Choreo LLC raised its holdings in Western Asset Emerging Markets Debt Fund by 4.2% during the 4th quarter. Choreo LLC now owns 55,928 shares of the company’s stock worth $611,000 after purchasing an additional 2,243 shares during the last quarter. Institutional investors and hedge funds own 33.05% of the company’s stock.

Western Asset Emerging Markets Debt Fund Stock Performance

Shares of NYSE EMD opened at $10.59 on Friday. Western Asset Emerging Markets Debt Fund Inc. has a 52-week low of $9.60 and a 52-week high of $11.30. The company’s 50 day moving average price is $10.58 and its 200-day moving average price is $10.64.

Western Asset Emerging Markets Debt Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 24th will be issued a $0.033 dividend. The ex-dividend date is Monday, August 24th. This represents a c) annualized dividend and a yield of 3.7%.

Western Asset Emerging Markets Debt Fund Company Profile

Western Asset Emerging Markets Debt Fund Inc (NYSE: EMD) is a closed-end management investment company launched in December 2004 and managed by Western Asset Management Company, a global fixed-income specialist. The fund seeks to provide a high level of current income by investing primarily in debt securities issued by sovereign, quasi-sovereign and corporate issuers in emerging markets. Its diversified approach combines top-down macroeconomic analysis with bottom-up credit research to identify attractive risk-adjusted opportunities across developing economies.

EMD’s portfolio spans a wide range of instruments, including sovereign government bonds, supranational obligations, corporate credits and other fixed-income securities.